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20121101
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Search Results 0 to 4 of about 5 (some duplicates have been removed)
as katrina, which was obviously devastating to an entire region and probably greater in terms of its impact than the current storm, you did see it in the numbers during that one quarterback in 2005 but the rebound was extremely quick. so you can barely see the effect of the storm in gdp numbers after that. and the one nice thing about our economy is it does tend to be able to recover quite quickly. >> austan, what's your take? on top of everything you have this gas problem as well. everybody wanting gasoline and unable to get it. >> my mother-in-law is out in new jersey, she got her power back on thursday. i was happy that she was okay. i think just the way we do the numbers has got goofy implication that your house gets knocked down, you rebuild a new one, you're no better off than you were before but that counts as an increase to the gdp because they are counting the part you're doing right now, not what was already there. >> what about the infrastructure story, governor cuomo said when new york rebuilds, it will rebuild better. is this an opportunity to make significant changes to the in
immediate affect. if you look at a storm, even a storm as great a as katrina, whh was obviously devastating to an entire region and probably greater in termss of its impact than the current storm, you did e it in the numbers during the one quarter in 2005, but the reund s extrememely quick. you cacan barely see e affect of the storm in gdp numbers after that. the one nice thing about our economy it tends to recover quite quickly. >> do you agree with that? what's your take. on top of everything you have this gas problem as well. everyone wanting gasoline and unable to fwet it. >> yep. my mother-in-law is out in new jersey. she got herower back on thursday. i was happy that she was okay. i think just the way we do the numbers has goofy implication that your house gets knocked down. you rebuild a new one. yoare no better o than you wewere before bit counts as an increase to the gdp because they are counting the part you are doing right now, not what was already there. >> what about the infrastructure the story? governor cuomo last week said when new york rebuilds it will rebuild better s. th
Search Results 0 to 4 of about 5 (some duplicates have been removed)